3Degrees Commits to Blockchain Investment, Signs on as Affiliate to Energy Web Foundation

3Degrees announced today that it has become an Affiliate of the Energy Web Foundation (EWF), a global non-profit organization focused on accelerating blockchain technology across the energy sector. With this commitment, 3Degrees joins more than 90 other leading companies as Affiliates of EWF and has access to strategic R&D investment in blockchain technology in the energy sector.

“We have been studying blockchain closely over the past year and felt the time was right to join forces with EWF, an organization pioneering the way the energy industry will intersect with blockchain-enabled platforms,” said Steve McDougal, CEO of 3Degrees. “3Degrees is committed to being a credible, trustworthy partner to our customers as they navigate this emerging technology. We believe blockchain offers enormous potential for the energy and environmental commodity markets, the grid edge, electric vehicles, demand response, and beyond. However, it’s critical that we approach this new technology intelligently and with stringent regulation. 3Degrees became an Affiliate of EWF because we align with their approach to the intersection of blockchain and the energy markets.”

Co-founded by Rocky Mountain Institute and Grid Singularity, EWF’s core focus is building an open-source, scalable blockchain platform specifically designed for the energy sector’s regulatory, operational, and market needs. It serves as a foundational, shared, digital infrastructure for the energy and blockchain community to build and run their solutions. As an Affiliate of EWF, 3Degrees will have privileged access to research, technology, education efforts, and the organization’s ecosystem.

“3Degrees is a leading renewable energy and environmental commodities market player that is committed to operating with transparency and integrity,” said Hervé Touati, CEO of Energy Web Foundation. “Blockchain technology holds much promise across their focus areas, including renewable energy certificates and renewable energy procurement. We’re excited for 3Degrees to add their respected perspective to the evolution of the Energy Web Chain.”

About Energy Web Foundation

Energy Web Foundation (EWF) is a global nonprofit unleashing blockchain’s potential to accelerate the transition to a decentralized, democratized, decarbonized, and resilient energy system. EWF is building the shared, digital infrastructure—an open-source, scalable blockchain platform—specifically designed for the energy sector’s regulatory, operational, and market needs. Co-founded by Rocky Mountain Institute and Grid Singularity, and with a worldwide network of more than 90 affiliates and growing, EWF is the largest energy blockchain ecosystem and the industry’s leading choice as the foundational blockchain base layer, providing the digital DNA building blocks powering the world’s energy future. For more, visit http://www.energyweb.org.

About 3Degrees

3Degrees exists for one simple reason – to make it possible for businesses and their customers to take urgent action on climate change. As a certified B Corporation, we provide renewable energy and emission reduction solutions to global Fortune 500 companies, utilities and other organizations that want to join the fight against climate change. The 3Degrees team has deep expertise in sustainability consulting, environmental markets, renewable energy and carbon project development, and utility renewable energy programs. Together with our customers, 3Degrees helps develop and implement creative solutions that ensure environmental integrity and make good business sense. Headquartered in San Francisco, 3Degrees serves clients around the world. Learn more at 3degreesinc.com.